Fedrok AG and Howarig Traders Sign Deal to Build Green Digital Payments Platform with Tokenized Carbon Credits in Papua New Guinea

Zug, Switzerland / Port Moresby, PNG — April 11th, 2025 — Swiss blockchain company Fedrok AG and Howarig Traders (HT), a company based in Papua New Guinea, have agreed to collaborate on the development of T4G Pay, a blockchain-powered digital payments network supported by tokenized carbon credits.

Thus, the whole platform shall be built on the Proof of Green blockchain by Fedrok-a consensus mechanism earning rewards for low-carbon activity-and will include the T4G Token (T4GT) as a stablecoin intended for everyday use throughout Papua New Guinea.

By providing carbon-linked payments with verifiable climate benefits, the initiative’s main goal is to use blockchain technology to increase financial instrument accessibility for people and transparency in carbon markets.

Fedrok AG has awarded a grant to fund the development and deployment of the platform during its initial six-month build phase.

Bringing Climate Finance to the Community Level

Papua New Guinea is home to over 3.1 billion metric tons of carbon reserves across its forests and mangroves. With 97% of land held under customary ownership, the country offers a unique opportunity to align blockchain-based climate finance with indigenous governance and benefit-sharing models.

This project also deals with the gap in access to financial services. In Papua New Guinea, where a large portion of the population remains unbanked, the T4G Pay platform will provide an inclusive alternative through mobile, offline (USSD), and card-based tools.

By combining green finance with digital accessibility, the initiative opens up new economic pathways for remote communities and sets a model for climate-linked financial inclusion.

Under the agreement, landowners will be able to register Incorporated Land Groups (ILGs), map and assess carbon stock, and claim tokenized carbon credits through the T4G Pay platform using their government-issued SevisPass Digital ID.

The T4G Pay system will include:

A mobile and USSD-compatible wallet-System, point-of-sale devices for merchants, T4G Visa Cards for consumers, and local integrations with APIs for banks, telecom and government platforms.

The T4G Pay App’s development and testing, as well as its integration with regional banking APIs, mobile services, and point-of-sale infrastructure, are the first of five stages of the project.

Later phases will concentrate on carbon assessments, regulatory engagement, and capacity building.

Proceeds from carbon token sales will be distributed via smart contracts as follows: around 45-65% of net proceeds to landowners, after allocations to government, platform operations and development, and Fedrok AG. This structure is designed to make sure fair and transparent community benefits while supporting long-term maintenance of the platform.

A Collaborative Approach to Green Infrastructure

“We’re pleased to support a platform that aims to combine financial inclusion with climate transparency,” said Dr. Philip Blazdell, CEO of Fedrok AG. “This is about helping local communities to participate in the carbon economy while using blockchain to bring more traceability and structure to how carbon assets are created and traded.”

“This collaboration represents an important step toward building local infrastructure that is aligned with both environmental and economic goals,” said Peter Kinjap, CEO of Howarig Traders. “We look forward to piloting this approach in PNG and developing it further based on community engagement.”

About Fedrok AG

Fedrok AG is a Swiss-registered blockchain company focused on building decentralized infrastructure for the carbon economy. Its proprietary Proof of Green™ consensus mechanism rewards verified low-carbon activity. Fedrok operates as a self-funded entity and is actively working toward ISO 9001 and ISO 14001 certification and zero-trust architecture standards.

About Howarig Traders

Howarig Traders is a Papua New Guinea–based digital services provider and a member of the PNG Digital ICT Cluster. HT works across government and commercial sectors to deliver inclusive technology solutions and enable digital transformation throughout the country.

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www.fedrok.com